Export Promotion Schemes

The Export Promotion Schemes implemented by CBIC relate to respective Foreign Trade Policies. However, presently the predominant ones are the following broad categories pertaining to FTP 2015-20.

1. Incentive or Reward schemes under which exporters are granted duty credit in a scrip which is permitted to be utilized in an exemption framework, for debiting certain duties/tax, subject to conditions.
2. Duty exemption schemes like Advance Authorisation (AA) and Duty Free Import Authorization (DFIA) which permit duty free import of inputs related to export production.
3. Duty remission schemes like the Post export EPCG duty credit scheme. Export Promotion Capital Goods (EPCG) Scheme which permits duty free import of capital goods against an obligation to export goods in a specific time frame.